INDUSTRY. STATE OF DISPLAY
M icroLED is tipped to become the dominant display technology for professional AV solutions, outperforming competing technologies such as LCD, OLED, LED and mini LED as soon as 2030. Multiple market research and consulting firms agree on the direction – if not quite the timescale. Omdia, for example, projects around five million microLED displays shipping in 2025, which will generate around $7 billion in revenue. By 2027, it predicts the market will grow to over $11 billion.
by which time it will account for the dominant share of the global market. Futuresource Consulting, meanwhile, anticipates over 60 companies will invest around $10 billion in the technology over the next few years, creating a $50 billion market in the next decade. It predicts the global professional display market to grow at 8% a year from 2022 to 2027, taking LED from 23% of a $33 billion market share to 40% of a $50 billion market in that period. Alternative technologies such as projection are in decline – though that’s still a $4.5 billion
These are some large numbers – although compared to the total display industry (estimated at over $200 billion), it’s actually relatively low. Similarly, Display Supply Chain Consultants (DSCC) says microLED display revenues will grow from around $40 million this year to over $1.3 billion in 2027. While this is fast growth, it means DSCC doesn’t believe microLED is going to penetrate large display markets at least until 2028. Transparency Market Research estimates the microLED display market growing 26.4% between now and 2031,
16. DEFINITIONMAGAZINE.COM
Powered by FlippingBook